1. Economic Data
Global Flash PMIs (July)
US, UK, Eurozone, Germany, France, Japan: Flash PMIs will provide early insights into economic momentum. A drop in manufacturing could signal slower global growth, while a resilient services PMI may support the soft-landing narrative.
US Data:
Chicago Fed National Activity Index (June): Gauges overall economic activity and inflationary pressure.
New Home Sales (June): An indicator of housing market health; sensitive to interest rates.
Initial Jobless Claims: Key labor market signal; any uptick could renew Fed pivot bets.
Kansas City Fed Manufacturing Activity (July): Regional manufacturing health check.
Europe:
Germany GfK Consumer Confidence (August): Expected to remain weak as consumers battle inflation and economic uncertainty.
France Business Confidence (July): Likely stable, but exposed to global trade slowdown.
EU27 New Car Registrations (June): A gauge of consumer demand and manufacturing trends.
Canada:
Retail Sales (May): Will inform expectations for Bank of Canada policy amid sticky inflation.
2. Central Banks
ECB Decision:
No rate change expected, but markets will focus on President Christine Lagarde's guidance.
Dovish tones could support equities and weaken the euro.
A more hawkish stance would likely lift yields and challenge risk sentiment.
3. Corporate Earnings Highlights
Europe:
LVMH, Nestle, Roche, BNP Paribas, TotalEnergies, Deutsche Boerse, Dassault, Carrefour: These heavyweights will give a cross-sector view of European corporate health, from luxury and consumer goods to banking and energy.
US:
Intel, Honeywell, Blackstone, Union Pacific, Newmont, Digital Realty Trust: Key earnings for tech, industrials, real estate, and commodities sectors.
Airlines (American, Southwest, Wizz Air): Expected to reflect strong summer travel demand but face cost pressures.
Dow Inc.: A proxy for global industrial activity.
Asia:
SK Hynix, Nokia: Key semiconductor and telecom insights.
Galderma: Investor interest growing post-IPO.
4. US Treasury Auction
10-Year Note Auction:
Closely watched amid changing Fed expectations.
A strong auction (high demand, low yield) could ease pressure on long-term rates.
A weak auction could steepen the yield curve and weigh on equities.
Conclusion
Thursday’s session is data-heavy with major flash PMIs providing first signals on global growth trends, especially amid hopes of a soft landing. The ECB decision may steer European market sentiment, with any shift in tone critical for bonds and the euro.
Corporate earnings from giants across luxury, energy, tech, transport, and finance will offer broad insights into economic resilience and margin pressures. The US 10-yr auction adds another layer of market tension, especially as inflation and rate expectations evolve.
Market Sensitivity: High. Expect volatility as investors digest macro signals, central bank cues, and corporate earnings all in one trading day.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Global Flash PMIs (July)
US, UK, Eurozone, Germany, France, Japan: Flash PMIs will provide early insights into economic momentum. A drop in manufacturing could signal slower global growth, while a resilient services PMI may support the soft-landing narrative.
US Data:
Chicago Fed National Activity Index (June): Gauges overall economic activity and inflationary pressure.
New Home Sales (June): An indicator of housing market health; sensitive to interest rates.
Initial Jobless Claims: Key labor market signal; any uptick could renew Fed pivot bets.
Kansas City Fed Manufacturing Activity (July): Regional manufacturing health check.
Europe:
Germany GfK Consumer Confidence (August): Expected to remain weak as consumers battle inflation and economic uncertainty.
France Business Confidence (July): Likely stable, but exposed to global trade slowdown.
EU27 New Car Registrations (June): A gauge of consumer demand and manufacturing trends.
Canada:
Retail Sales (May): Will inform expectations for Bank of Canada policy amid sticky inflation.
2. Central Banks
ECB Decision:
No rate change expected, but markets will focus on President Christine Lagarde's guidance.
Dovish tones could support equities and weaken the euro.
A more hawkish stance would likely lift yields and challenge risk sentiment.
3. Corporate Earnings Highlights
Europe:
LVMH, Nestle, Roche, BNP Paribas, TotalEnergies, Deutsche Boerse, Dassault, Carrefour: These heavyweights will give a cross-sector view of European corporate health, from luxury and consumer goods to banking and energy.
US:
Intel, Honeywell, Blackstone, Union Pacific, Newmont, Digital Realty Trust: Key earnings for tech, industrials, real estate, and commodities sectors.
Airlines (American, Southwest, Wizz Air): Expected to reflect strong summer travel demand but face cost pressures.
Dow Inc.: A proxy for global industrial activity.
Asia:
SK Hynix, Nokia: Key semiconductor and telecom insights.
Galderma: Investor interest growing post-IPO.
4. US Treasury Auction
10-Year Note Auction:
Closely watched amid changing Fed expectations.
A strong auction (high demand, low yield) could ease pressure on long-term rates.
A weak auction could steepen the yield curve and weigh on equities.
Conclusion
Thursday’s session is data-heavy with major flash PMIs providing first signals on global growth trends, especially amid hopes of a soft landing. The ECB decision may steer European market sentiment, with any shift in tone critical for bonds and the euro.
Corporate earnings from giants across luxury, energy, tech, transport, and finance will offer broad insights into economic resilience and margin pressures. The US 10-yr auction adds another layer of market tension, especially as inflation and rate expectations evolve.
Market Sensitivity: High. Expect volatility as investors digest macro signals, central bank cues, and corporate earnings all in one trading day.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.